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AmeriBid LLC to Conduct Rental Portfolio Auction of 50+/- Income Producing Properties in Nowata, Oklahoma

NOWATA, Okla., May 9, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the auction of a complete rental portfolio containing 50+/- properties located in Nowata. The properties include multifamily, commercial and residential single family homes all located within a 3 mile radius. Most are currently rented and some will be selling absolute, with no minimum bid and no reserve. "The close proximity makes for easy property management," comments Whitey Mason, Regional Director, Auctioneer and Broker for AmeriBid. "The owners have decided to retire and offer their entire portfolio to the highest bidder. These properties have a high rental rate and some have been leased for as much as 20 years."

The auction will take place on Saturday, June 15th, 2013 at 1:00pm CDT at the Nowata County Fairgrounds located at 600-680 East Roxy Avenue in Nowata. Registration begins at 10am CDT. An informational Buyer Seminar will be held at the Nowata County Fairgrounds on Tuesday, May 21st at 6:30pm. Interested parties can also pre-register for the auction at http://www.ameribid.com/nowata and avoid long lines on auction day. If you cannot be at the auction on June 15th, you may submit bids online via the AmeriBid online bidding platform.

Nowata is a short drive north of Tulsa, Oklahoma, near Oolagah Lake. Bartlesville, Oklahoma is 20 miles west while Coffeyville, Kansas is only 15 miles north.

A 10% Buyer's Premium applies. Brokers representing a buyer will be paid a 1.5% cooperating broker fee. Vacant units may be seen by appointment only. For occupied properties, virtual tours are available in lieu of Open Houses. Please do not disturb the current tenants. To receive more details and complete terms, please visit www.ameribid.com or call 877.695.2822 x907. You may also contact Whitey Mason directly at 405.630.8670 or whiteymason@ameribid.com.

Headquartered in Tulsa, Okla., AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies.

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CONTACT: Media Contact: Michelle Baker 877.895.7077

Source: AmeriBid